Reference: ADB/17/341 Location: Côte d’Ivoire Grade: PL3 Position N°: 50093773 The Complex
The Vice Presidency for Finance oversees the financial management of the Bank Group. This encompasses the Bank Group’s treasury activities including borrowings from the capital markets and investment activities; controllership functions including financial reporting and loan administration; strategic resource mobilization and the strengthening of the non-statutory financial resources and instruments; the overall asset/liability management for the Bank Group.
The Hiring Department / Division
As part of the Finance Complex, the Resource Mobilization and Partnerships Department is responsible for strategic partnerships, donor resource mobilization and the leveraging of the financial resources and instruments of the African Development Bank Group.
The department is comprised of two divisions whose primary, joint role is to increase the pool and types of funding available to the Bank’s regional member countries, particularly for transformative projects in line with the Bank’s Ten-year strategy and High Five priorities.
The Non-Sovereign and International Institutions Division, FIRM.2 is responsible for managing relationships with new partners, emerging economies and non-sovereign partnerships including relationships with private sector co-financiers and institutional investors, Sovereign Wealth Funds, pension funds, Development Finance Institutions, private sector entities, and philanthropic foundations.
The division also leads the partnership with sovereign entities such as bilateral aid agencies and manages a number of bilateral sovereign trust funds.
The division also promotes co-financing with non-sovereign entities through co-financing facilities; finds innovative ways to partner with non-traditional donors and to work with other organizational units of the Bank to find resources for their initiatives (e.g. the Africa50 Fund); and works to develop innovative financial products and risk mitigation instruments which catalyze private capital to finance development in Africa (e.g. Private Sector Facility).
Finally, the division is also responsible for the required periodic reporting on the use of funds as well as for the review of proposals for new partnerships through the Standing Committee on Partnerships.
The Position
Under the oversight of the Division Manager, the Chief Resource Mobilization and Partnerships Officer is an important professional in the division who plays a key role in mobilizing and deploying the Bank Group’s resources, by contributing to the planning, conceptualization, elaboration and operationalization of key Bank Group non-statutory resource mobilization and partnerships processes. The incumbent will:
Play a critical operational role in resource mobilization, trust funds and donor management, and resource monitoring and reporting.
Provide specialist advice and support to internal and external clients on a range of resource mobilisation issues including but not limited to: creation and management of trust funds, special initiatives, co-financing facilities and any other innovative partnership mechanisms involving the Bank Group’s emerging and non-sovereign partners.
Duties and Responsibilities The Chief Resource Mobilization Officer will:
Task manage specific resource mobilization efforts through non-statutory replenishments, co-financing, fundraising for trust funds, special initiatives, co-financing and any other innovative partnership mechanisms with the Bank Group’s emerging and non-sovereign partners;
Promote the efficient utilization of mobilized resources by user Departments based on best practice;
Oversee the administration, monitoring of these funds as well as their disbursement, and prepare progress reports/financial reports to the respective Donors and to senior management;
Provide internal stakeholders with technical advice and information on development partner funding priorities to strengthen opportunities for target fundraising and facilitate the coordination and collaboration between Bank Group business units ;
Organize regular internal and external outreach events for the benefit of staff and other stakeholders to explain the activities of the different funds;
Participate in and contribute to key partnerships meetings, (including those with other Multilateral Development Banks (MDB) and other international organizations and philanthropic organizations) to seek for new resource mobilization and partnership opportunities for the Bank Group; contribute to effective collaboration with other departments and complexes;
Take a key operational role in the conceptualization, elaboration and presentation of Bank Group resource mobilization and negotiation documents; elaborate policy and strategy papers relevant to resource mobilization;
Contribute to the development of strategic options for positioning the Bank Group in the global aid architecture, mobilizing and deploying its resources, by contributing to the planning, conceptualization, elaboration and presentation of the Bank Group key resource mobilization and negotiation documents;
Assist in elaborating division objectives, work programs and their execution, while ensuring that deadlines are met and that outputs reach the highest technical standards.
Selection Criteria Including desirable skills, knowledge and experience:
Minimum of a Master’s degree in Finance, Economics, Law, International Affairs and/or other relevant fields.
Minimum of seven (7) years of relevant experience with demonstrable operational track record in resource mobilization. Experience in resource mobilization across (i) public and/or non-profit and (ii) private sectors along with established operational track record in achieving results;
Proven ability to use Innovation and Creativity to solve business problems.
Proven ability to effectively conduct complex negotiations with public and private institutions.
Recognized as a technical expert with a broad business knowledge.
Ability to recognise and utilizes trends in the market to add value to clients.
Ability to actively build and contribute to internal and external networks
Technical expertise in grasping and understanding key trends in development finance and their implications, (including the various donors’ assistance policies, bilateral and multilateral partnership trends in the short-, medium-, and long-term)
Knowledge of the MDBs various financial instruments, policies as well as of its resource mobilization and on-lending activities;
Analytic thinking – ability to interpret and explain patterns in information in a simple manner to a diverse audience
Proven ability to persuade, influence and win over a skeptical audience; and tailor arguments to all levels of stakeholders.
Ability to communicate effectively (written and oral) in English or French with a good working knowledge of the other language.
Proficient in the use of standard MS Office software applications, particularly Word, PowerPoint, and Excel as well as SAP.
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